Empirical Asset Management LLC Reduces Position in iShares U.S. Energy ETF (NYSEARCA:IYE)

Empirical Asset Management LLC lowered its holdings in iShares U.S. Energy ETF (NYSEARCA:IYE) by 8.5% in the fourth quarter, HoldingsChannel reports. The firm owned 10,277 shares of the company’s stock after selling 951 shares during the period. Empirical Asset Management LLC’s holdings in iShares U.S. Energy ETF were worth $468,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its holdings in iShares U.S. Energy ETF by 198.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 671 shares of the company’s stock worth $33,000 after acquiring an additional 446 shares in the last quarter. Financial Management Professionals Inc. grew its stake in iShares U.S. Energy ETF by 345.4% in the third quarter. Financial Management Professionals Inc. now owns 824 shares of the company’s stock worth $38,000 after purchasing an additional 639 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE bought a new stake in iShares U.S. Energy ETF in the third quarter valued at about $49,000. Brown Brothers Harriman & Co. acquired a new stake in iShares U.S. Energy ETF during the third quarter valued at approximately $60,000. Finally, Icon Wealth Advisors LLC grew its position in shares of iShares U.S. Energy ETF by 15.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 3,069 shares of the company’s stock worth $142,000 after acquiring an additional 412 shares in the last quarter.

iShares U.S. Energy ETF Trading Up 0.7 %

Shares of NYSEARCA IYE opened at $49.95 on Friday. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 8.60 and a beta of 0.54. iShares U.S. Energy ETF has a twelve month low of $41.46 and a twelve month high of $51.70. The business has a 50 day simple moving average of $47.93 and a 200-day simple moving average of $47.52.

iShares U.S. Energy ETF Profile

iShares U.S. Energy ETF (the Fund), formerly iShares Dow Jones U.S. Energy Sector Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Oil & Gas Index (the Index). The Index measures the performance of the oil and gas sector of the United States equity market, and includes companies in industry groups, such as oil and gas producers, and oil equipment, services and distribution.